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Author Topic: I see an economic diasater coming...  (Read 1251732 times)

Offline SeaMonkey

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Re: I see an economic diasater coming...
« Reply #4155 on: June 10, 2016, 04:11:23 AM »
An easy to comprehend analysis of why the
Economic Disaster is soon to occur:

Quote from: The Daily Reckoning
By Greg Canavan in Albert Park

--When retirees and ordinary savers complain about low interest rates, it barely rates a mention. What would these simpletons know about financial markets?
--But when the ‘bond king’ pipes up, it’s front page news. From the Financial Times:

Quote from: Times
‘The $10tn pile of negative-yielding government bonds is a “supernova that will explode one day”, according to Janus Capital’s Bill Gross, underscoring the rising nervousness over the previously unthinkable financial phenomenon.’

 --Bill Gross earned the moniker ‘bond king’ through his long association as head of the world’s largest bond fund manager, PIMCO. Keep in mind though; the biggest bond bull market in history helped his rise to greatness.
--But it’s not only Gross joining the plebs in warning about this very serious financial retardation. The article goes on…

Quote from: Times
‘Mr Gross joins a mounting chorus of big investors who fret that this phenomenon will end in tears. Capital Group — which manages about $1.4tn — has warned that negative interest rates were distorting financial markets and economies, and might lead to “potentially dangerous consequences”.

‘Jeffrey Gundlach, the head of Los Angeles-based bond house DoubleLine, recently told a German newspaper that negative interest rates “are the stupidest idea I have ever experienced”, and warned that “the next major event [for markets] will be the moment when central banks in Japan and in Europe give up and cancel the experiment”.

‘Larry Fink, the head of BlackRock, warned in his latest letter to investors that while low borrowing costs were a boon to many companies and countries, they come at a heavy cost to savers.’

--It takes people of financial distinction to tell us this?

--Well, yes. And yet nothing will change. The market will have to find its own solution, because it certainly won’t come from policymakers.

--The Fed recognises the danger, but can’t get out of first gear in trying to raise rates to even a semblance of normality. It had to pull its plans to do so last week after poor employment data.

--Negative interest rates are a retardation of the essence of capitalism. That is, you need to get a reward (expressed as a rate of interest) for handing your money over to another party.

--That there is now $10 trillion in bonds trading on a negative yield is an abomination.

--How did things get like this?

--Well, without the constant interference of central banks, the decisions of savers and spenders determine the rate of interest.

--The banking system creates credit by lending. This lending increases the amount of ‘money’ flowing through the economy.

--But the amount of credit creation in the first place is determined by how cheap or easy it is to get. That is, the rate of interest on credit, or money.

--In a non-central bank dominated world, low interest rates reflect a surplus of savings in the system. This is because previously higher interest rates encouraged people to defer consumption and save instead. This increases the supply of money in the system, pushing the price of it (the interest rate) down.

--The low interest rates then stimulate consumption and investment through increased borrowing. Borrowing is just consumption brought forward. This goes on until the ‘savings’ in the system start to fall.

--The fall in savings brought about by low interest rates means demand is greater than supply. What happens then? The price of money — the interest rate — goes back up to balance supply and demand.

--In this way, an unmolested financial system breathes in and out, matching the demand from investors and borrowers with the supply coming from savers. The interest rate is the regulator of this natural rhythm. Leave it alone and the economy and financial system will stay in balance.

--It won’t be all smooth sailing. You’ll get the occasional overshoot of activity followed by recession to clear away poor investment decisions. But downturns would not be prolonged.

--Now, let’s bring the all-knowing and omniscient central bank into the equation…

--When it looks like the system naturally wants to put a higher price on money to discourage consumption and encourage saving, central bankers wave their wand and create more money.

--But there is more to it than simply ‘lowering interest rates’. The way in which they do so is crucial to understand. When a central bank ‘cuts rates’, they do so by shoving more ‘money’ into the commercial banking system. The system thinks this newly-created money is real savings. It then reacts to this increased supply of money by lowering its price — the interest rate.

--This in turn sends a signal that borrowing, investment and consumption needs to increase, and saving needs to decrease.

--In other words, it’s a completely false signal that creates the opposite effect of what is really needed.

--And yet central banks keep pushing the button. They have created so much money now that the weight of it is pushing nominal rates into negative territory. Investors (like the bond king) must actually pay some governments a small fee when buying their bonds!

--The absurdity is mindboggling. No wonder some of the world’s biggest and best investors are turning to gold. From The Australian:

Quote from: Australian
‘Soros Fund Management, which manages $US30 billion for Mr Soros and his family, sold stocks and bought gold and shares of gold miners, anticipating weakness in various markets. Investors view gold as a haven during times of turmoil.’

--Risks are mounting. Yet the retardation of the price of credit/money by the world’s central banks means there are few warning signs. Gold is perhaps one of the few genuine signals left to warn of these rising monetary distortions.

--I’m amazed it’s still trading below $US1,300 an ounce.   

Cheers,

Greg Canavan,
 For The Daily Reckoning

Free Energy | searching for free energy and discussing free energy

Re: I see an economic diasater coming...
« Reply #4155 on: June 10, 2016, 04:11:23 AM »

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4156 on: June 10, 2016, 06:04:01 AM »
" --Risks are mounting. Yet the retardation of the price of credit/money by the world’s central banks means there are few warning signs. Gold is perhaps one of the few genuine signals left to warn of these rising monetary distortions. [/size]--I’m amazed it’s still trading below $US1,300 an ounce.   
Cheers,Greg Canavan, For The Daily Reckoning "


       I've already said this before, either on this thread or another:  You can't eat a gold coin.   I don't bother to chase after money that will eventually be worthless.   Commodities and staples are going to be worth more than diamonds and rubies someday.   You can actually eat a can of pork and beans that is still fresh a lot more nutritious than gold, cash or crude oil.[/size]
       I'd pay more attention to something I can eat or drink than whatever can't be grown or renewed somehow.   Sustainable living is the way to go in the future.  Otherwise, all may be grievously[/size] affected  by coming events that could test the souls of man and beast alike.[/size]
       Everyone on Earth will experience what's coming as long as they live.   I think the only way to escape from worldwide eventualities is to die----and that may not stop the personal suffering of truly nefarious individuals when one wakes up in the depths of Hell.[/size]


--Lee

Gothic

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Re: I see an economic diasater coming...
« Reply #4157 on: June 10, 2016, 06:49:19 AM »
I agree, methods of water purification and non perishable foods would make living during a time
 of strife more bearable...  Even something as plentiful as iodized salt can become as precious
 as gold, like the old saying "'worth one's salt"...  To be 'worth one's salt' is to be worth one's pay.

Imagine a lightning bolt several miles wide,  What, not possible, well it seems that sometimes
 when two celestial bodies get to close something like the sort happens...  but don,t listen to
 me, listen to the evidence, this is the gift of niburu or whatever you want to call it.

 https://www.youtube.com/watch?v=w5NK5j7dI0s

Free Energy | searching for free energy and discussing free energy

Re: I see an economic diasater coming...
« Reply #4157 on: June 10, 2016, 06:49:19 AM »
Sponsored links:




Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4158 on: June 10, 2016, 11:18:39 PM »

 https://www.youtube.com/watch?v=w5NK5j7dI0s
       I watched the video and I agree with what the commentator says.   I also remember reading many years ago that A LONG time ago NIBIRU(spelling?) was actually a planet between Mars and Jupiter. The native destroyed themselves in a war when they dropped a huge hydrogen bomb with an additional heating means attached to it that allowed the bomb to settle down to the solid core.   The losers(?) of the war---evil aliens(?), maybe---acted like ISIS terrorists and detonated the bomb and that blew the whole planet out of its regular orbit into a very wide orbit past Pluto.


(NIBIRU is said to be inbound in its orbit at this time and UFO theorists believe it'll arrive near Earth's orbit by 2017.   The last such incident occurred ~10,000 yrs ago.   Widespread destruction and loss of life.)


       The close approach of planets to each other at that time caused planetary changes with "lightning bolts" to occur and then reshape the planets' surfaces to some extent.   Is this something that you can relate to, Gothic?
Of interest?
https://www.sciencenews.org/article/distant-planet-may-lurk-far-beyond-neptune


This one's strange:
http://beforeitsnews.com/mediadrop/uploads/2014/48/adbf31d35fef5ffe982843a9f7c270e9aaae5164.jpg
Here's the 'Web address:
http://beforeitsnews.com/alternative/2014/11/planet-x-nibiru-system-the-story-of-our-lifetime-2014-3066632.html
       (Beware...This site immediately above is plagued by many commercial pop-up Internet ads.   Look out for 'malware' and/or 'spyware', eh?!?)


Okay, now.  Back on topic...
http://www.scmp.com/comment/insight-opinion/article/1946685/china-hong-kong-and-other-debt-laden-economies-risk-major
and...
http://www.profitconfidential.com/economy/insider-says-this-could-trigger-the-next-financial-crisis/




Worldwide financial problems are going to be here for some people to cringe at for some time to come...


Last minute addition...
Case in point; latest I've seen:
http://marketrealist.com/2016/06/jim-chanos-says-chinas-outlook-pretty-grim/
       This is a lengthy set of articles on a "Market Realist" 'Web page that further illustrates that China is being looked at with apprehension by analysts in NYC and/or elsewhere.
       Get READY.


--Lee
« Last Edit: June 11, 2016, 01:20:53 AM by the_big_m_in_ok »

Offline SeaMonkey

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Re: I see an economic diasater coming...
« Reply #4159 on: June 11, 2016, 12:09:31 AM »
Quote from: The_Big_m...
Worldwide financial problems are going to be here for some people to cringe at for some time to come...

Those problems are slated to get much worse in the
not too distant future.
  Nothing is left to chance...

The Group will be meeting soon to finalize the plan.

Free Energy | searching for free energy and discussing free energy

Re: I see an economic diasater coming...
« Reply #4159 on: June 11, 2016, 12:09:31 AM »
Sponsored links:




Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4160 on: June 11, 2016, 05:31:14 PM »
Those problems are slated to get much worse in the
not too distant future.
  Nothing is left to chance...


The Group will be meeting soon to finalize the plan.
       Quoted from the post immediately above...
"The continued presence of Bilderberg is just one more indication that banking elites do not intend to hide anymore.   Perhaps in this Internet era, they don’t believe it’s possible."
       I agree.  And I think they'll find their plans could be capable of unraveling without warning and without their hopes of remedy.   Conspirators like them are all on this planet with everyone else.   Even if they tried to hide under a  mountain in the Rockies similar to the Gov't hideout waiting for the President and member of Congress in a national emergency(correct location?), they'll find when they leave the 'hideout' they put themselves in, that there may not be an economic or political country to govern.   I believe this'll be more than a depression like the one in the Thirties.   Total collapse should be coming in the future.   However, time will tell, as the adage goes.

Offline SeaMonkey

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Re: I see an economic diasater coming...
« Reply #4161 on: June 12, 2016, 04:43:16 AM »
We may choose to succumb to the pressures exerted by
those controlling the present reality or we may choose to
see it as it is:

Free Energy | searching for free energy and discussing free energy

Re: I see an economic diasater coming...
« Reply #4161 on: June 12, 2016, 04:43:16 AM »
Sponsored links:




Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4162 on: June 12, 2016, 06:23:12 AM »
We may choose to succumb to the pressures exerted by
those controlling the present reality or we may choose to
see it as it is:
"It takes politicians who've never created new wealth to use the law to steal existing wealth.
                                                                          --Author  unknown to me[/size]
                                                                          --From an internet page on quotes of stealing


"Politicians are non-productive workers."
                      --My own adage, insofar as I know.

Offline SeaMonkey

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Re: I see an economic diasater coming...
« Reply #4163 on: June 12, 2016, 08:24:59 PM »
Paul Craig Roberts has a few words to say about the
"economy" of the U.S.


Quote from: Article
The economic picture is equally dismal and unpromising.  The latest payroll jobs report was even more awful than reported.  Hardly any new jobs were created, but what largely escaped reporting is the fact that the economy actually lost 59,000 full-time jobs.

Increasingly the US economy consists of part-time jobs that cannot support an independent existence. Thus, more Americans age 19-34 live at home with parents than independently with spouses or partners.  Fully half of 25-year old Americans live in their childhood rooms in their parents’ homes.

This is the “New Economy” that the filthy lying neoliberal economists promised would be reward for the American work force giving up their manufacturing and professional skill jobs to foreigners.  What a monstrous lie the neoliberal economists told so that corporate executives and shareholders could put into their own pockets the living wage of the American work force. These neoliberal economists, and, alas, libertarian “free market” ones, have not been held accountable for their impoverishment of the American work force deeply buried in debt with no future prospects.

Those few Americans who have any awareness are beginning to realize that the One Percent and the western governments that serve them are re-establishing feudalism.  The brilliant and learned economist, Michael Hudson, has labeled our era the era of neo-feudalism.

He is correct. The majority of young Americans come out of university heavily indebted, primed for debtor prison. When half of 25-year olds cannot marry and form households, how can anyone believe that housing sales and prices are rising except as a result of speculative investors banking on rental income from a population that cannot even pay its student loans.

Free Energy | searching for free energy and discussing free energy

Re: I see an economic diasater coming...
« Reply #4163 on: June 12, 2016, 08:24:59 PM »
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Offline Dog-One

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Re: I see an economic diasater coming...
« Reply #4164 on: June 12, 2016, 09:02:05 PM »
I think full-out nuclear war (mutually assured destruction) is off the table.
This would actually be the best case scenario.  THEY don't want us dead.
THEY want us locked into a permanent living hell while we are continually
used as target practice.  And like George Carlin said,

"And they'll get it too.  They'll get it all some day, because they own this f_cking place."


People refuse to accept they have been lied to, cheated and stolen from.
They cannot believe it, so to them, it didn't happen and is not happening.
They will never admit to themselves they have been outplayed, outconned
and overwhelmed.  They are incapable of getting angry.  Many just write
it off as God's will.  Soulless, spineless creatures scurrying the earth under
a constant barrage of attacks, never recognizing they have done this to
themselves.  Plenty pitiful.

Offline SeaMonkey

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Re: I see an economic diasater coming...
« Reply #4165 on: June 18, 2016, 12:41:56 AM »
We are inching ever closer to War each day.

Where is the Peace Movement?

State Department demands War against Russia.

The arrogance, hubris and just plain stupidity demonstrated
by the U.S. and The West as they push for War is beyond
reason and common sense.  It is taking place just as the
Prophecies within The Book have predicted.  It is foretold
that Damascus will be reduced to rubble and until now it
was difficult to imagine how that might happen.

It is possible that Damascus will be nuked by The West
as a desperation move to incite war to kick-start a dying
economy.  Millions of innocent humans will be "sacrificed"
as the U.S. stirs up confrontation in order to cement its
control over the Entire Planet.


Free Energy | searching for free energy and discussing free energy

Re: I see an economic diasater coming...
« Reply #4165 on: June 18, 2016, 12:41:56 AM »
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Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4166 on: June 18, 2016, 04:32:47 AM »
"It takes politicians who've never created new wealth to use the law to steal existing wealth.
                                                                          --Author  unknown to me[/size]
                                                                          --From an internet page on quotes of stealing


"Politicians are non-productive workers."
                      --My own adage, insofar as I know.
       This is a religiously oriented site, but this time, they're right:


http://www.charismanews.com/opinion/57869-the-stock-market-crash-of-2016-stocks-have-already-crashed-in-6-of-the-world-s-8-largest-economies


       Right.   I can see this myself, as well.   It looks like the next downturn has started.   I don't know if these countries can do the "rabbit-out-of-the-hat" routine and save their national economies.   Or, at least, halt the coming freefall.   We'll see.


--Lee

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4167 on: July 04, 2016, 07:29:53 PM »
       This is a religiously oriented site, but this time, they're right:

http://www.charismanews.com/opinion/57869-the-stock-market-crash-of-2016-stocks-have-already-crashed-in-6-of-the-world-s-8-largest-economies

       Right.   I can see this myself, as well.   It looks like the next downturn has started.   I don't know if these countries can do the "rabbit-out-of-the-hat" routine and save their national economies.   Or, at least, halt the coming freefall.   We'll see.

--Lee
       As you'll see below in the provided 'web address, the Chinese are in a long-term slowdown that won't end until they totally revamp their economy by legal means---which they're hardly willing to do.   This is going ALL the way down to NOTHING at the bottom.


http://chinaworker.info/en/2016/07/04/12975/[/font][/size]


--Lee

Offline triffid

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Re: I see an economic diasater coming...
« Reply #4168 on: July 05, 2016, 04:56:15 PM »
Its been a couple of months since I posted anything here.I agree that China is in a long term slowdown.I have been busy doing other things.Had a good month in May.I have been involved with an energy project and got to be on video for two minutes.What they do with it is up to them.triffid

Offline triffid

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Re: I see an economic diasater coming...
« Reply #4169 on: July 05, 2016, 04:58:48 PM »
Right now everyone wants to talk about the Brits leaving the EU.Once the smoke clears everyone will find out that they are still alive.And kicking! triffid

 

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